Murphy commented: Alex is an outstanding choice, bringing over a decade of experience in financial services, a deep knowledge of the derivatives industry and a proven track record of success in leadership roles. He was chosen after an extensive and extremely competitive selection process.” Murphy noted that since establishing Eightcap in 2009, the company has…
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The basic earnings per share year-to-date also fell significantly to ¥7.27 from ¥48.19 reported for the same period in 2021. Three major segments contribute to the business performance of the group - the Japanese segment, the US segment (TradeStation), and the crypto assets segment. The Japanese business of the group provides stable profits and TradeStation…
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CFDs are leveraged derivative contracts and are regarded as a high-risk product. ASIC takes the regulation of offering such instruments very seriously and imposes heavy penalties on unlicensed CFD traders. Additionally, the Australian regulator found that Finerty mislead and deceived his clients about the performance of Robot 1 and “directed or assisted” clients to mislead…
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Coinbase made the announcement on Wednesday, telling its customers they can withdraw their fiat and crypto holdings from Coinbase until 16 February 2023. The company recommends that its clients transfer their funds to other Virtual Assets Service Provider, Coinbase Wallet or any other self-hosted wallet or they can liquidate their portfolio and withdraw their funds…
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To further meet customer needs, Monex recently announced its intention to begin offering US equity margin account services. The launch has been delayed due to system issues, however, the group noted that the service will be available next week. Monex stated: With US equity margin trading, investors can trade twice the amount of their original…
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As Co-COO and Head of Equities, Yiu will continue oversee the operation of HKEX’s cash, derivatives, clearing and depository businesses. Additionally, he will also continue to serve as Chief Executive of both The Stock Exchange of Hong Kong Limited and Hong Kong Futures Exchange Limited. As the new Head of Listing , Katherine Ng will…
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Rostro Group founder Roger Hambury added: The acquisition of Scope Markets presents the largest and latest acquisition, signalling our intent to be a leading provider of financial services within our sector globally. The team and I are very excited about the future. Rostro now has control over Scope Markets’ main operating hub in Cyprus, as…
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As APAC head, he will be based in Australia and focus on growing BidX Markets institutional trading business in the APAC region. Furthermore, he will lead the brokerage's efforts to develop and strengthen relationships with institutional clients and for implementing strategies to increase the company's trading activity across East Asia, South Asia, and Oceania. Additionally,…
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The US-based crypto exchange said it has enough funds to ensure all clients can withdraw their assets in that period. Clients will be offered the option to transfer their crypto funds to a third-party wallet or convert them to Japanese yen. Kraken initially launched services in Japan in 2014 and pulled out in 2018. The…
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Margot Gatland, FMA Head of Enforcement, said: The anti-money laundering and counter financing of terrorism regime is an important pillar to maintaining the integrity of New Zealand’s financial markets, so we take non-compliance seriously. Our case alleges Tiger Brokers failed to appropriately vet customers, respond to activities that should have raised concerns, and maintain records…
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